Re: Journey of a successful trader

Actually there's only 8 steps to become a successful traders so better to follow it than creating your own journey.!

I won't argue that those are good references, it's good honestly. However, it was simply said than being done. If those things are that easy to achieved, we are all successful by now.

Can we define the true meaning of "successful trader"?

For me, just continue to lurk every day in the world of trading. Experience losses, regrets, disappointment, etc. as that will be the best foundation we have in building a good trading journey.

I have to agree that a successful trader should experience those losses, regrets and other things that will give him solid foundation in this trading journey. It is not always he is in the winning side. Losses will teach him lessons where he made mistakes. And possibly make use of those lessons learned as he embarks again his trading journey. Yes, the steps are simple but when you apply it on yourself, it is somewhat complicated. But if you are diligent enough to go thru this journey, in time, you will reap your rewards.

The steps are quite simple but actually they are not that easy to follow once you're in real trading already. We still stick to what we used are doing and the fact that we are also making good profits from it, then its good to say that our own strategies are still working. But i believe if traders can follow those steps listed by OP, it will open to more opportunities to gain profits and maybe losing will certainly be minimized. However, we can still have our own choices either in which we think we are still comfortable of doing.